Lab School Of Washington
- Assets
- $61.0m
- Revenue
- $23.2m
- Investments
- $111.8k
- Employees
- 272
- Location
- Washington, DC
- Founding
- 10/1982
- Data as of
- 06/2022
- EIN
- 52-1261627
Organization Overview
Lab School Of Washington is located in Washington, DC. The organization was established in 1982. According to its NTEE Classification (B28) the organization is classified as: Special Education, under the broad grouping of Education and related organizations. As of 06/2022, Lab School Of Washington employed 272 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lab School Of Washington is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Lab School Of Washington generated $23.2m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $24.0m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE LAB SCHOOL OF WASHINGTON IS AN INNOVATIVE LEARNING COMMUNITY FOSTERING SCHOLARSHIP AND CREATIVITY IN STUDENTS WITH LEARNING STYLES (DOCUMENTED LEARNING DISABILITIES). THE SCHOOL PROVIDES A RIGOROUS, COLLEGE-PREPARATORY EDUCATION; PROVIDES INTENSIVE REMEDIATION AND TEACHES LEARNING STRATEGIES; AND USES VISUAL AND PERFORMING ARTS TO FACILITATE THE EDUCATION PROCESS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION: INCLUDES INTENSIVE REMEDIATION THROUGH DAY SCHOOL, PSYCHOLOGICAL SERVICES, OCCUPATIONAL THERAPY, SPEECH AND LANGUAGE SERVICES AND CAREER COUNSELING.
RELATED SERVICES INCLUDING: PSYCHOLOGICAL SERVICES, OCCUPATIONAL THERAPY AND SPEECH AND LANGUAGE SERVICES.
OTHER PROGRAM: INCLUDES SUMMER SCHOOL AND TRAINING OF TEACHERS, PARENTS AND OTHERS THROUGH AFTER SCHOOL, OUTPATIENT SERVICES, INSTRUCTIONAL PROGRAMS, LECTURES AND AN ART TEACHER CONFERENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Wargo Head Of School | Officer | 40 | $490,176 |
Laurelle Sheedy Mccready Assoc. Head Of School For Finance/operations | Officer | 40 | $231,928 |
Diana Meltzer Assoc. Head Of School | 40 | $168,382 | |
Martha Cathcart Director Of Institutional Advancement | 40 | $153,894 | |
Amy Oswalt Director Of Global Division | 40 | $146,255 | |
Robert Lane Director Of Admissions | 40 | $139,574 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Clark Construction Group Llc Construction Services | 7/30/17 | $2,937,540 |
Concentusnet Computer Services | 7/30/17 | $339,875 |
Peter Mcnamara & Associates Llc Av Services & Equipment | 7/30/17 | $177,364 |
Miranda & Jsc Renovation Services | 7/30/17 | $142,105 |
Utility Systems Construction & Engineering Construction Services | 7/30/17 | $108,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $239,499 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $741,927 |
| Noncash contributions included in lines 1a–1f | $176,807 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $981,426 |
| Total Program Service Revenue | $22,283,512 |
| Investment income | $1,062 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $97,629 |
| Net Gain/Loss on Asset Sales | -$1,898 |
| Net Income from Fundraising Events | -$116,594 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,245,137 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $763,256 |
| Compensation of current officers, directors, key employees. | $636,250 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $13,502,408 |
| Pension plan accruals and contributions | $444,603 |
| Other employee benefits | $1,153,948 |
| Payroll taxes | $1,123,267 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $116,207 |
| Fees for services: Accounting | $58,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $34,638 |
| Fees for services: Other | $389,729 |
| Advertising and promotion | $22,996 |
| Office expenses | $37,254 |
| Information technology | $625,957 |
| Royalties | $0 |
| Occupancy | $599,240 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $611,690 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,462,114 |
| Insurance | $183,229 |
| All other expenses | $301,197 |
| Total functional expenses | $23,962,278 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,107,684 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $470,982 |
| Accounts receivable, net | $9,978,303 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $621,167 |
| Net Land, buildings, and equipment | $33,262,258 |
| Investments—publicly traded securities | $10,410,968 |
| Investments—other securities | $111,774 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $60,963,136 |
| Accounts payable and accrued expenses | $1,904,136 |
| Grants payable | $0 |
| Deferred revenue | $16,811,039 |
| Tax-exempt bond liabilities | $15,794,049 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $34,509,224 |
| Net assets without donor restrictions | $21,496,493 |
| Net assets with donor restrictions | $4,957,419 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $60,963,136 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lab School Of Washington has recieved totaling $1,000.
| Awarding Organization | Amount |
|---|---|
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $1,000 |
Endowment Analysis
| Beg. Balance | $5,453,079 |
| Earnings | -$708,686 |
| Net Contributions | $600 |
| Other Expense | $143,346 |
| Grants | $65,171 |
| Ending Balance | $4,536,476 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Maryland School For The Blind Baltimore, MD | $195,153,982 | $44,682,438 |
The Benedictine School For Exceptional Children Inc Ridgely, MD | $11,283,116 | $24,781,335 |
Lab School Of Washington Washington, DC | $60,963,136 | $23,245,137 |
Depaul Community Resources Roanoke, VA | $12,194,514 | $23,378,306 |
Phillips Programs Annandale, VA | $24,790,311 | $22,425,625 |
Alternative Paths Training School Inc Dumfries, VA | $29,662,762 | $20,489,291 |
Ivymount School Inc Rockville, MD | $17,009,081 | $19,214,475 |
The Faison Center Inc Richmond, VA | $62,568,652 | $21,070,606 |
The Jemicy School Inc Owings Mills, MD | $60,314,466 | $19,832,444 |
Innovative Learning Inc Annapolis, MD | $14,693,405 | $15,755,864 |
Tlc- The Treatment & Learning Centers Inc Rockville, MD | $16,034,183 | $16,805,293 |
Linwood Center Inc Ellicott City, MD | $17,528,411 | $14,193,364 |